The two prospects are in Sittampundi of Namakkal and Mettupalayam of Coimbatore

The Geological Survey of India (GSI) has found two significant platinum prospects in Tamil Nadu, according to Santha Sheela Nair, Secretary of the Union Ministry of Mines. The two prospects are in Sittampundi of Namakkal district (covering Karungalpatti, Chettiyampalaiyam and Tasamapalaiym blocks) and Mettupalayam of Coimbatore (Solavanur, Mallanayakkampalaiyam and Karappadi blocks). Describing them as “good discoveries,” Ms Nair told reporters on Thursday that “we are at the scientific stage where there is an evidence of substantial deposits of platinum which needs to be explored further to understand the exact location and quantities.”

The GSI was engaged in the exploratory work for the last three years. As of now, exploration was carried out up to 30 metres. If explored further, – say 200 to 300 metres , scientists of the GSI were of the view that "the potential will be even greater, both in quantity and quality,” the Mines Secretary said. Earlier, in the presence of Chief Minister M. Karunanidhi, Ms. Nair and senior officials of the State government at the Secretariat, GSI Director-General N.K. Datta and Tamil Nadu Minerals (TAMIN) Chairman and Managing Director K. Manivasan signed a memorandum of understanding.

Ms. Nair said the MoU was signed to facilitate further exploration of mineral development of the State. By associating with the GSI, the TAMIN would be able to diversify its activities. At present, the organisation was focussing on granites.

Pointing out that there were greater possibilities for collaboration with the State agency, N.P. Nathan, senior scientist in the GSI, said other minerals such as limestone, magnesite and iron ore could be covered. The Union Secretary reiterated that many more levels had to be crossed before reaching the stage of mining. Under the existing constitutional framework, mineral wealth belonged to States, which would receive royalties. Durai Murugan, Law Minister, and K. Shanmugam and Rajeev Ranjan, Principal Secretaries for Finance and Industries, were present when MOU was signed.

its going to be great disastous in some region of namakkal in future.........

from:
s.devaraj

Posted on: Dec 20, 2010 at 14:20 IST

It is reported that Platinum Deposits have been found in Zamin Pallavaram area. Apparently acquisition is proposed here. Are there any confirmed news on this?

from:
Citizen

Posted on: Oct 23, 2010 at 23:29 IST

How many tons of platinum available in both areas [NAMAKKAL AREA AND METTUPALAYAM ] Will it be comparable to the platinum available in SOUTH AFRICA. Can anyone answer my question?

from:
S.KRISHNAMOORTHY

Posted on: Oct 10, 2010 at 22:18 IST

Dear sir, the most of the village people very confusing, for platinum located area in paramathi union ,and how much acres land will acuired from that area.what about that living in scheduled caste people residential posistion.most of the peoples life in depending upon agriculture basic, so what is the security of that village peoples life.please take care of the scheduled caste peoples living place and life security.thanks.

from:
k.v.mani

Posted on: Aug 14, 2010 at 15:19 IST

Do governments take care of viilage,people?

from:
gkvelan

Posted on: Aug 12, 2010 at 18:02 IST

Tamilnadu Govt should take steps to eliminate private ownership of the fields.

from:
p nayagam

Posted on: Jul 10, 2010 at 07:00 IST

Wait and watch, see if it goes into the hands of the family rulers.

from:
chandu

Posted on: Jul 2, 2010 at 06:51 IST

Now that the Platinum deposits have been located,there is scope for Platinum mining for more money as against the Sand mining prevalent all over the state